Border Currency Report (BCR)

Who completes this form?

• Any person who leaves or enter Samoa carrying cash or negotiable bearer instruments with a combined value of SAT 20,000 or more or its equivalent in foreign currency.

Why Completes this Form?

• It is a requirement under section 13 of the MLP Act 2007.

Penalties for Non-Compliance

• Shall be liable on conviction to a fine not exceeding SAT10,000;

• Imprisonment for a term not exceeding 5 years, or BOTH.

Suspicious Transaction Report (STR)

Who completes this form?

• All institutions specified under Schedule 1 of the Money Laundering Prevention Act 2007.

Why completes this form?

• Reporting of suspicious transactions is required under Sections 23 and 24 of the Money Laundering Prevention Act 2007.

Penalties for non-compliance

• Failure to report or reporting false or misleading information is guilty of an offence punishable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 5 years, or to both.

 

Documents:

Suspicious Report Form

pdf - 15 KB

BCR Form Updated 2017

pdf - 39 KB